FundSvcs Community

Hello,

One of our programs are hosting a drawing or a raffle and will be securing donations for prizes at an upcoming event. My understanding is that the drawing might be free, but I have not yet received confirmation if raffle tickets will be sold. 

If raffle tickets are sold, I understand that those are not considered donations and ticket purchasers should not receive a tax receipt.

However, how do we receipt and acknowledge the organizations that donate the raffle/drawing goods? Would a gift-in-kind acknowledgement that contains the description without the dollar value suffice as we do with other GIK's?

Thank you,
Aimee

------------------------------
Aimee Holland
Director of Development Operations
Alameda Health System Foundation
aholland@alamedahealthsystem.org
------------------------------

Original Message:
Sent: 10/11/2022 11:00:00 AM
From: Aimee Holland
Subject: In-Kind Raffle/Drawing Item Acknowledgement

Hello,

One of our programs are hosting a drawing or a raffle and will be securing donations for prizes at an upcoming event. My understanding is that the drawing might be free, but I have not yet received confirmation if raffle tickets will be sold. 

If raffle tickets are sold, I understand that those are not considered donations and ticket purchasers should not receive a tax receipt.

However, how do we receipt and acknowledge the organizations that donate the raffle/drawing goods? Would a gift-in-kind acknowledgement that contains the description without the dollar value suffice as we do with other GIK's?

Thank you,
Aimee

------------------------------
Aimee Holland
Director of Development Operations
Alameda Health System Foundation
aholland@alamedahealthsystem.org
------------------------------

Thank you so much, John! I appreciate your response, it's very helpful!

Best,
Aimee

------------------------------
Aimee Holland
Director of Development Operations
Alameda Health System Foundation
aholland@alamedahealthsystem.org
------------------------------

Original Message:
Sent: 10-11-2022 10:14 AM
From: John Taylor
Subject: In-Kind Raffle/Drawing Item Acknowledgement

You've got it, Aimee!

However, ensure that those GIK receipts also mention that the items were being used for auction purposes.  The donor must claim a reduced (cost basis) deduction since the property will not be used for related purposes.

John

John H. Taylor

Principal

John H. Taylor Consulting, LLC

2604 Sevier St.

Durham, NC   27705

johntaylorconsulting@gmail.com

919.816.5903 (cell/text)

Serving the Advancement Community Since 1987

Original Message:
Sent: 10/11/2022 11:00:00 AM
From: Aimee Holland
Subject: In-Kind Raffle/Drawing Item Acknowledgement

Hello,

One of our programs are hosting a drawing or a raffle and will be securing donations for prizes at an upcoming event. My understanding is that the drawing might be free, but I have not yet received confirmation if raffle tickets will be sold. 

If raffle tickets are sold, I understand that those are not considered donations and ticket purchasers should not receive a tax receipt.

However, how do we receipt and acknowledge the organizations that donate the raffle/drawing goods? Would a gift-in-kind acknowledgement that contains the description without the dollar value suffice as we do with other GIK's?

Thank you,
Aimee

------------------------------
Aimee Holland
Director of Development Operations
Alameda Health System Foundation
aholland@alamedahealthsystem.org
------------------------------